Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-09-10
THE REVIEW OF TRADE.
u. q. Dun Il Co.'S RepOrt-A Favorabl
Condition of Trade.

u. q. Dun Il Co.'S RepOrt-A Favorable
Condition of Trade.
New YORK, September 9.-R. G. Dan
& Co, in their weekly review of trade,
say: Commerce and industry have I'M
proved, while speculation has slackened.
very different result was expected when
it was announced that syndicate had un-
dertaken to raise ten millions for the Bal
timOre and Ohio and to establish harmony
between the trunk lines. At first stocks
rose quickly an average of 81 per share,
but soon it was seen that the borrow
ing of money by great COM
pany did not necessarily mean or
bring prosperity. Heavy declines in B. &
o. and other stocks affected by the Ives
failure followed; and a gradual reaction
toward lower prices and speculative ioac-
tivity has continued this week. On the
other hand evidence appears OF decided
improvement in legitimate business, with
larger sales, larger production and a
more wholesome feeling even in branches
lately most depressed. The improvement
in the wooden goods trade is clearly
marked, though that trade cannot yet be
called active. Lower prices for wool en-
courage manufacturers, and the demand
for goods is broadening, The distribution
of cotton continue large, with especial de-
mand for the best qualities. Iron furnaces
of l3S, 725 tons capacity were in blast Sep
tembcT lst.
There is disheartenment in some quar-
teIs lest an output far surprising the con-
sumptive demand should depress prices.
This is met by the fact that the best grades
are scarce and well sustained, though in
other grades aud brands not well known
weakness appears. Ths mills in which
iron is wOrkei into forms are generally
pressed with orders. Bar iron has q good
demand. The orders for sheet, plate and
tank iron press the works to their full
capacity. Makers OF structural iron
are crowded and the nail business
is slightly better. In steel rails though
even the Thomas Co sell at $36 for the
winter delivery and the yielding in prices
disheartens some makers. Wheat speCu-
lating seems to have gone into bankruptcy,
stagnatiOn ruling in spite of the reduction
of Liverpool freight rates to I'D. The
price has lifted only an eighth the past
week, while corn and oats have risen I,
pork % cents per barrel and lard 10 cents
per 100 pounds. Oil has advanced cents
IN belief that producers will succeed in
limiting the supply. Sugar shows a ten
dency TO boom, having risen IL cents per
100 pounds, while coffee is an eighth
weaker; high rates for money affecting
Brazil holders
Large offering Of tea at auction resulted
ket is improving in activity. Supplies
OF butter are very liberal and prices for
grades under EXTRA are irregular. Evi-
dence of general Improvement comes from
nearly all cities. Remarkably heavy dis
tribution of hardware and farmers supplies
at Chicago and st. Louis, with activity Of
banks, not from speculative demands, and
reports of q formidable increase in ship.
ments by the railroads, from, this city,
promise satisfactory returns of trade.
Money is generally active at interior
points and collections fair. The large sur
plus of money from Europe already re-
ceiyed and on the way, clear off heavy
heavy loans which have tied up home cap
ital, and thus promise much
relief. Failures at New Haven and
Philadelphia have involved some
minor houses, but do not indicate
especial weakness in any particular
branch of trade. For the present the
signs favor large and profitable fall bust
ness, unless monetary stringency should
interrupt. The business failures for the
past seven days number for the United
States l52, for Canada -; total la. Com
pared with 1893 last week and 176 in the
corresponding week Of last year.